sol usdt pattern identified inverse head and shoulders with chan

🧠 Technical Analysis (SOL/USDT – 4H Timeframe)
🔍 Pattern Identified: Inverse Head & Shoulders
Left Shoulder: Around $137

Head: Dipped to ~$126

Right Shoulder: Formed around $135

Neckline Breakout: Successfully broken near $148–$150 zone

This classic bullish reversal pattern indicates a potential trend shift from bearish to bullish.

📈 Trend & Channel
The price was previously trading inside a descending parallel channel (marked in yellow).

The breakout from the upper channel boundary confirms strength and momentum shift.

🚀 Price Targets (Resistance Levels Ahead):
$158.36 – First resistance level (short-term target)

$168.52 – Mid-level resistance (medium-term)

$187.56 – Key resistance (long-term target area)

✅ Bullish Confirmation:
Breakout with volume from both descending channel and head & shoulders neckline

Price holding above neckline now acting as support

⚠️ Risk Note:
A retest of the breakout zone ($148–$150) can occur before moving higher

Invalid if SOL drops back below neckline and fails to hold above $145 support zone